Heartbang
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Ah, yes. The jump of Germany with its archaic bureaucracy and the outrageous costs of living and energy.
The home of the VW who's only afloat because of its China and US sales. (https://www.wiwo.de/my/unternehmen/...gen-in-deutschland-noch-leisten/29400190.html)
If this doesn't wake you up to the fact that these lists are a scam, I dunno what will.
I didn't say germany did anything to achieve it, I implied something different altogether.
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Good, but in my opinion, the graphic and growth looks like it continuing its trend and not accelerating due to current events.
They sent the previous tweet on August 24th. The guys suddenly remembered social media. They make advertisements and gaslight the nation.
B_A
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Türkiye's current account balance posted a $1.88 billion surplus in September, after running deficit for two months, the country’s Central Bank announced on Monday.
The gap shifted from an upwardly revised $357 million deficit in August and $3.02 billion in September 2022, the bank’s data showed.
The gold- and energy-excluded current account recorded a $7.12-billion surplus in the month, the bank said.
The goods deficit amounted to $3.66 billion in September, while the services sector saw a net surplus of $6.25 billion in the month. Under the services sector, travel had a net inflow of $5.03 billion in September.
In January-September, the current account balance run a $40.84 billion deficit, widening from $38.21 billion in the same period last year.
www.aa.com.tr
The gap shifted from an upwardly revised $357 million deficit in August and $3.02 billion in September 2022, the bank’s data showed.
The gold- and energy-excluded current account recorded a $7.12-billion surplus in the month, the bank said.
The goods deficit amounted to $3.66 billion in September, while the services sector saw a net surplus of $6.25 billion in the month. Under the services sector, travel had a net inflow of $5.03 billion in September.
In January-September, the current account balance run a $40.84 billion deficit, widening from $38.21 billion in the same period last year.
Türkiye's current account balance posts $1.88B surplus in September
Goods deficit stands at $3.66B, services run $6.25B surplus in Sept., official data shows - Anadolu Ajansı
www.aa.com.tr
Watch the lira
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I think everything is already baked in w.r.t US-Turkiye (w.r.t Israel - Palestine, Hamas et al.). US and West are more looking at internal sources of finance for Hamas.
BTW I just saw that TR Lira essentially was held to a ceiling till the Election this year (May 14th - May 28th)...and then after it a big valve was released.
On Erdogan's orders
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In September 2021, the interest rate was 19% and the US dollar exchange rate was 8.82TL. From that date on they started their "unorthodox"(downright stupid) economical policies and reduced the interest rates time after time after time while the inflation was on a never ending spike. Today the interest rate is 40% and $1US = 28.8TL. The inflation rate of 2022 was more than 100%.
What was this experiment for? Generations of people, mostly the youth, are perpetually damaged. They will have lifelong trust issues with our national currency. People will have aversion towards Lira that will continuously contribute to inflation for decades to come.
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I follow the $US/Turkish lira exchange rate from time to time. I notice that earlier today the lira strengthened 0.33% against the dollar. Just now it has strengthened 0.03%. The interest rate hike does not seem to have brought back confidence in the lira.
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The new economy admin is doing well. I expect the rate increase to stop at %45.
B_A
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TURKSTAT Corporate
B_A
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During the covid period we have to lower some interest to support the economy likes the Japanese done.You doubt the decisions of some people that are lead by a person who is an alumni of Marmara University's Faculty of Economics?
But Erdogan and AKP done too much things to destroyed the trust of market in 2016-2020…..
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While the spot rate of the lira has continued to weaken against the dollar since the interest rate rise to 40%, I have noticed that the 2 year forward rate (was 54+ to the $ a few weeks ago) is now 50+ to the $. Would another interest rate hike be necessary or is it being raised to reduce the inflation rate?
